{"id":115171,"date":"2026-06-12T05:42:13","date_gmt":"2026-06-12T05:42:13","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/115171\/"},"modified":"2026-06-12T05:42:13","modified_gmt":"2026-06-12T05:42:13","slug":"prodej-za-miliardy-spadl-pod-stul-miliardar-slemr-si-textilku-ponecha","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/115171\/","title":{"rendered":"Prodej za miliardy spadl pod st\u016fl. Miliard\u00e1\u0159 \u0160lemr si textilku ponech\u00e1"},"content":{"rendered":"

P\u0159ed rokem se rozjel prodej velk\u00e9 tuzemsk\u00e9 skupiny PFNonwovens<\/a>, kter\u00e1 vyr\u00e1b\u00ed netkan\u00e9 textilie, pou\u017e\u00edvan\u00e9 zejm\u00e9na p\u0159i v\u00fdrob\u011b hygienick\u00fdch produkt\u016f, jako jsou d\u011btsk\u00e9 pleny, ale v\u00a0men\u0161\u00ed m\u00ed\u0159e tak\u00e9 ve stavebnictv\u00ed \u010di zem\u011bd\u011blstv\u00ed. V\u00a0minul\u00fdch t\u00fddnech se v\u0161ak jeho majitel\u00a0\u2013 skupina R2G miliard\u00e1\u0159e Old\u0159icha \u0160lemra\u00a0\u2013 rozhodla prodej zastavit. Redakci Seznam Zpr\u00e1v to potvrdily t\u0159i na sob\u011b nez\u00e1visl\u00e9 zdroje ze st\u0159edoevropsk\u00e9ho trhu f\u00faz\u00ed a\u00a0akvizic. D\u0159\u00edv\u011bj\u0161\u00ed odhady uv\u00e1d\u011bly, \u017ee hodnota transakce by se mohla pohybovat kolem 25\u00a0miliard korun.<\/p>\n

\u201eK t\u00e9to z\u00e1le\u017eitosti se nebudeme vyjad\u0159ovat,\u201c\u00a0uvedl k\u00a0ot\u00e1zk\u00e1m ohledn\u011b zastaven\u00ed prodeje Michal \u0160lemr z\u00a0R2G. Pr\u00e1v\u011b ta je hlavn\u00edm akcion\u00e1\u0159em textiln\u00ed skupiny a\u00a0vlastn\u00ed v\u00a0n\u00ed p\u0159es sedmdes\u00e1t procent. Zbytek ovl\u00e1d\u00e1 spoluzakladatel softwarov\u00e9 spole\u010dnosti Avast<\/a> Eduard Ku\u010dera.<\/p>\n

K zastaven\u00ed ob\u0159\u00ed transakce mohlo p\u0159isp\u011bt i\u00a0vyrovn\u00e1n\u00ed vztah\u016f mezi trojic\u00ed miliard\u00e1\u0159\u016f: \u0160lemrem, Ku\u010derou a\u00a0Pavlem Baudi\u0161em, kter\u00fd je spoluzakladatelem Avastu, kdy si trojice navz\u00e1jem mezi sebou vym\u011bnila majetkov\u00e9 pod\u00edly v\u00a0n\u011bkolika firm\u00e1ch.<\/p>\n

Baudi\u0161 ovl\u00e1dl spole\u010dnost WIC Prague, jej\u00edm\u017e hlavn\u00edm majetkem je luxusn\u00ed hotel Fairmont Golden Prague <\/a>v\u00a0centru Prahy. Ve firm\u011b z\u00edskal Baudi\u0161 70procentn\u00ed pod\u00edl. Zbyl\u00fdch t\u0159icet procent z\u016fst\u00e1v\u00e1 v\u00a0rukou Baudi\u0161ova dlouholet\u00e9ho byznysov\u00e9ho partnera Ku\u010dery.<\/p>\n

Sv\u00e9ho pod\u00edlu na hotelu se pak vzdal pr\u00e1v\u011b \u0160lemr, kter\u00fd naopak z\u00edskal v\u011bt\u0161inovou kontrolu v\u00a0R2G Rohan, kter\u00e9 pat\u0159\u00ed pr\u00e1v\u011b PFNonwovens. Z\u00a0jej\u00ed vlastnick\u00e9 struktury naopak zcela vypadl Baudi\u0161. \u201eVy\u0159e\u0161ili vztahy mezi sebou a\u00a0prodej proto spadl ze stolu,\u201c dod\u00e1v\u00e1 zdroj z\u00a0velk\u00e9 poradensk\u00e9 firmy.<\/p>\n

Svou roli podle expert\u016f sehr\u00e1la zejm\u00e9na nab\u00eddnut\u00e1 cena za textiln\u00ed skupinu. \u201eU podobn\u00fdch transakc\u00ed b\u00fdv\u00e1 nej\u010dast\u011bj\u0161\u00edm d\u016fvodem rozd\u00edl mezi p\u0159edstavou prod\u00e1vaj\u00edc\u00edho a\u00a0kupuj\u00edc\u00edch o\u00a0hodnot\u011b spole\u010dnosti,\u201c komentuje Martin Vachata, expert na f\u00faze a\u00a0akvizice skupiny Talers.<\/p>\n

<\/a><\/p>\n

Podle partnera poradensk\u00e9 spole\u010dnosti Moore Czech Republic Petra Kymli\u010dky krom\u011b v\u00fd\u0161e ceny mohly sehr\u00e1t roli i\u00a0podm\u00ednky pro jej\u00ed v\u00fdplatu a\u00a0jej\u00ed struktura. U\u00a0podobn\u00fdch transakc\u00ed se toti\u017e \u010dasto stanovuje \u010d\u00e1st ceny v\u00a0z\u00e1vislosti na hospoda\u0159en\u00ed firmy, p\u0159i\u010dem\u017e tato slo\u017eka je pak vypl\u00e1cena postupn\u011b.<\/p>\n

To v\u0161ak nebyl jedin\u00fd d\u016fvod. \u201eV\u00fdznamn\u011bj\u0161\u00ed kontrolu nad PFNonwovens z\u00edskal Old\u0159ich \u0160lemr. Po vyrovn\u00e1n\u00ed uvnit\u0159 p\u016fvodn\u00ed investorsk\u00e9 trojice tak mohl klesnout tlak na rychl\u00fd exit,\u201c dod\u00e1v\u00e1 Kymli\u010dka. Nav\u00edc \u0160lemr m\u00e1 k\u00a0pr\u016fmyslu bl\u00edzko, kdy\u017e v\u00a0minulosti vlastnil spole\u010dn\u011b s\u00a0Tom\u00e1\u0161em N\u011bmcem \u010cGS Holding, kter\u00fd v\u00a0roce 2015\u00a0prodali \u0161v\u00e9dsk\u00e9 skupin\u011b Trelleborg. Ponech\u00e1n\u00ed si textiln\u00ed skupiny, pokud investo\u0159i nenab\u00eddli dost zaj\u00edmavou cenu, tak d\u00e1v\u00e1 smysl.<\/p>\n

Ovlivnit z\u00e1jem investor\u016f o\u00a0podobn\u00e9 firmy mohla tak\u00e9 sou\u010dasn\u00e1 v\u00e1lka v\u00a0\u00cdr\u00e1nu, kter\u00e1 zdra\u017eila ropu. \u201ePr\u00e1v\u011b ceny ropy a\u00a0petrochemick\u00fdch surovin pat\u0159\u00ed mezi nejd\u016fle\u017eit\u011bj\u0161\u00ed faktory ovliv\u0148uj\u00edc\u00ed hospoda\u0159en\u00ed podobn\u00fdch spole\u010dnost\u00ed. Netkan\u00e9 textilie se vyr\u00e1b\u011bj\u00ed p\u0159edev\u0161\u00edm z\u00a0polymer\u016f, jejich\u017e ceny jsou na v\u00fdvoj ropy p\u0159\u00edmo nav\u00e1z\u00e1ny,\u201c upozor\u0148uje Vachata.<\/p>\n

Podle Kymli\u010dky lze zdra\u017een\u00ed \u010d\u00e1ste\u010dn\u011b prom\u00edtnout do cen z\u00e1kazn\u00edk\u016fm, ale nutn\u00e1 budou i\u00a0opat\u0159en\u00ed uvnit\u0159 firmy, jako je nap\u0159\u00edklad modernizace v\u00fdrobn\u00edho za\u0159\u00edzen\u00ed \u010di vy\u0161\u0161\u00ed pod\u00edl recyklovan\u00fdch nebo alternativn\u00edch materi\u00e1l\u016f. Na druhou stranu hraje ve prosp\u011bch PFNonwovens to, \u017ee jde o\u00a0stabiln\u00ed segment, kde je popt\u00e1vka m\u00e9n\u011b citliv\u00e1 na ekonomick\u00fd v\u00fdvoj.<\/p>\n

<\/a><\/p>\n

Experti ji\u017e d\u0159\u00edve odhadovali cenu textiln\u00ed skupiny na ni\u017e\u0161\u00ed des\u00edtky miliard korun. Kymli\u010dka v\u00a0t\u00e9to dob\u011b uvedl, \u017ee cena se bude pohybovat na sedmi- a\u017e desetin\u00e1sobku EBITDA, co\u017e by skupinu oce\u0148ovalo podle v\u00fdsledk\u016f z\u00a0roku 2024\u00a0na 17,5\u00a0a\u017e 25\u00a0miliard korun.<\/p>\n

Cel\u00fd textiln\u00ed holding toti\u017e dos\u00e1hl podle posledn\u00ed zve\u0159ejn\u011bn\u00e9 v\u00fdro\u010dn\u00ed zpr\u00e1vy v\u00a0roce 2024\u00a0konsolidovan\u00fdch tr\u017eeb ve v\u00fd\u0161i t\u00e9m\u011b\u0159 14,5\u00a0miliardy korun, p\u0159i\u010dem\u017e konsolidovan\u00e1 EBITDA (zisk p\u0159ed \u00faroky, dan\u011bmi a\u00a0odpisy) byla okolo 2,5\u00a0miliardy korun. PFNonwovens m\u00e1 z\u00e1vody v\u00a0\u010cesk\u00e9 republice, USA, Egypt\u011b a\u00a0Jihoafrick\u00e9 republice. Celkov\u00e1 v\u00fdrobn\u00ed kapacita PFNonwovens za rok je zhruba 220\u00a0tis\u00edc tun netkan\u00fdch textili\u00ed.<\/p>\n","protected":false},"excerpt":{"rendered":"P\u0159ed rokem se rozjel prodej velk\u00e9 tuzemsk\u00e9 skupiny PFNonwovens, kter\u00e1 vyr\u00e1b\u00ed netkan\u00e9 textilie, pou\u017e\u00edvan\u00e9 zejm\u00e9na p\u0159i v\u00fdrob\u011b hygienick\u00fdch…\n","protected":false},"author":2,"featured_media":93168,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[12],"tags":[154,29502,67,68,20276,4141,32657,32656,7825,7202,32655,20275,32654,24400],"class_list":["post-115171","post","type-post","status-publish","format-standard","has-post-thumbnail","category-byznys","tag-akvizice","tag-avast","tag-business","tag-byznys","tag-eduard-kucera","tag-fuze","tag-hotel-fairmont","tag-hotel-international-prague","tag-konflikt-usa-izrael-iran","tag-miliardari","tag-oldrich-slemr","tag-pavel-baudis","tag-r2g","tag-textilni-prumysl"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@cz\/116735544109424881","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/115171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/comments?post=115171"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/115171\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/93168"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=115171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=115171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=115171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}